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He likened the temporary modifications more to stock splits than dividend cuts.
She applied for relief, and her bank, JPMorgan Chase, twice granted temporary modifications.
As part of the new conversion drive, lenders may have their incentive money withheld until temporary modifications are made permanent.
Bonita Dowling, a housing counselor at the Pratt Area Community Council in Bedford-Stuyvesant, said she recently helped three homeowners get temporary modifications.
Borrowers can declare their income, and the banks are willing to grant temporary modifications based on those figures, without any evidence to confirm them.
One of the most frustrated Chase employees I met was Domonique Perez, whose job was to round up the documents from borrowers who had been granted temporary modifications.
Similar(43)
Eventually, they were given a new temporary modification.
The bank gave her a temporary modification, but then canceled it.
But often one side or the other will seek a temporary modification of the acquis, a "transition period".
Some borrowers who got a temporary modification but did not qualify for a permanent one have said they ended up worse off financially.
Following an investigation into every branch of French industry, in the course of which hundreds of hearings were held, this committee, which included representatives of both labor and capital, found that the 40-hour week has come to stay, that its repeal is impossible, and that even a temporary modification of a general nature is out of the question.
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